Interviews

Construction equipment use all types of transmission systems. These will include transmissions for traction of the construction equipment like wheel and track drives, in addition to transmissions that are used for operations like slewing, hoisting and other such critical functions.

We are focusing on making our wheel loaders versatile and suitable to meet various applications in roads, railways, irrigation, mining and industrial works by developing new attachments and variants, says Vivek Hajela, General Manager and Head - Construction Equipment Business, Larsen & Toubro Ltd.

In April 2017, Volvo Penta started the production of the new engine platform, 5- and 8-litre industrial engines, at the VE Powertrain (VEPT) plant in Pithampur. The first response from our Indian customers has been very positive.

Growth has finally returned to the construction equipment industry. With the government's continuous focus on infrastructure and public spending, next couple of years may turn out to be golden era for the industry in terms of volume and growth.

The construction equipment (CE) industry is continuously evolving through various innovations in application and product range. Change in technology creates new opportunities to manufacture a better product with improved ways of using it.

Indian construction equipment (CE) industry was always expected to be poised for growth and what we are now witnessing is realisation of these expectations. The industry is maturing both in the scale and breadth of equipment being manufactured across market segments.

After a continuous phase of sluggish market and recession, the construction equipment sector is on the verge of a turnaround now. The sector has received a boost with the government's renewed focus on road building, as a result the market grew by 16 per cent in 2015, and further by 39 per cent to peak in 2016.